Underwriter – Reinsurance, Property in London

London based role with hybrid working. An exciting opportunity for an experienced Property Treaty underwriter to play a key role in a high‑performing reinsurance team, underwriting in a technically focused environment while shaping portfolio performance through disciplined, sustainable decision‑making.

This is an exciting opportunity for an experienced Property Treaty underwriter to join a high‑performing and growing reinsurance team. The role offers exposure to North American and international property portfolios, working closely with senior underwriters, brokers and global partners to underwrite new business and renewals. You will play a key role in shaping portfolio performance, contributing to strategic decisions, and applying technical expertise to help underwrite profitably and sustainably. With strong analytical support, access to leading brokers, and the opportunity to broaden experience across territories, this role is well suited to an underwriter looking to deepen their technical capability while making a meaningful impact on portfolio outcomes.

About QBE: At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch. QBE is a global reinsurer operating through seven offices and writing USD 3bn+ of Gross Written Premium. We offer a full product suite to our clients and look to build deep and long-lasting relationships. We sit within QBE Group which is an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner.

Your new role:

• Contribute to the delivery of the annual portfolio business plan, applying sound judgement to underwriting decisions in line with wider strategic objectives.
• Support portfolio planning through research, analysis and project work, helping inform underwriting and growth decisions.
• Ensure full compliance with all legal, regulatory and governance requirements, maintaining the highest underwriting standards.
• Apply underwriting guidelines, standards and best practice to optimise risk selection, efficiency and portfolio performance.
• Support accurate risk recording, monitoring and reporting, contributing to strong data quality and control.
• Build and maintain strong, trusted relationships with brokers, customers, business partners and internal stakeholders to maximise influence and outcomes.
• Develop a strong understanding of market dynamics and underwriting cycles to operate effectively in changing market conditions.
• Play an active role in achieving business objectives, including negotiating rates, terms and conditions, managing renewals and new business, and ensuring contract certainty.
• Participate in ongoing portfolio review and performance analysis, identifying trends, opportunities and areas for corrective action.
• Contribute to aggregate management and peer review processes, promoting technical excellence, consistency and continuous improvement.

About You:

• Experience within property treaty reinsurance gained in an underwriting or broking capacity.
• Strong technical capability, including confident use of Excel, databases and relevant underwriting or departmental systems.
• Practical understanding of catastrophe modelling and loss models, with experience using risk profiling, pricing tools and platforms such as RMS/Verisk.
• Sound knowledge of UK legal and regulatory requirements, including FCA and Lloyd’s frameworks, and how these apply in a reinsurance context.
• Proven ability to build and maintain strong relationships with brokers and internal stakeholders, demonstrating effective stakeholder management and clear communication.
• Highly organised with strong analytical, prioritisation and stakeholder management skills, able to underwrite effectively in a fast‑paced and evolving market.

Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.

Benefits: We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As well as the benefits below we also offer an extensive choice of other options to suit you!

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part‑time, job share and compressed hours.
• Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
• Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
• Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
• Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
• Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes.
• Cycle‑to‑Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.

Awards & Recognition: Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year, Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year. Insurance Post British Insurance Awards 2023: QBE rated as a 5‑Star Employee.

Skills: Analytical Thinking, Business Management, Communication, Critical Thinking, Customer Service, Customer Value Management, Decision Making, Insurance Underwriting, Intentional collaboration, Managing performance, Process Improvements, Reinsurance, Risk Management, Stakeholder Management, Strategic Management.

Application Close Date: 28/05/2026 11:59 PM.

Equal Employment Opportunity: QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.